GIFP BUSINESS PARK

The Business Park of Giurgiulesti International Free Port provides investors an excellent location on the border with the European Union, in a low cost environment, with tri-modal transport infrastructure and a unique tax and customs framework.

Investors can set up their businesses within the business park by leasing land, offices, warehouses or open storage facilities. In addition, Danube Logistics SRL offers potential investors associated services ranging from logistics to various support and administrative services.

Investor Questionnaire

Inexpensive, Multi-lingual Labor Force

Moldova has a population of 3.6 million (2016). Out of that totak, 70% of the population is multi-lingual, and 80% attain secondary education. The average monthly wage is about USD 370/EUR 300.

Proximity to EU, CIS and Turkish Markets

From Moldova exporters can easily reach EU single market with 508 million consumers, the CIS + Ukraine market with 282 million consumers as well as the Turkish market with 80 million consumers.

Fast Growing Emerging Market
In 2017 the Republic of Moldova achieved an economic growth of 4.5%, agricultural production increased by  8.6% and industrial production increased by 4.2% (change 12 months!!!).

Free Trade Regimes

Since 2001 the Republic of Moldova is a full-right member of the WTO. In addition Moldova has signed Free Trade Agreements with 43 countries: EU-28 member states (DCFTA), CIS member-states, Members of Central European Free Trade Agreement and Turkey. Furthermore Moldova benefits from preferential trade agreements with Norway, Canada, Switzerland, Japan and USA.

Investment Opportunities

There are numerous investment opportunities in the agriculture, manufacturing and logistics sectors.

Agriculture and Food Processing
Moldova possesses over 2.5 million hectares of highly fertile agricultural land and sufficient water resources. This, together with the favorable climatic conditions and the predominantly well-educated and inexpensive work force, as well as the free trade regimes, form favorable conditions for investments.

Manufacturing
The combination of well-educated, inexpensive workforce and free trade agreements calls for lucrative investments in labor intensive industries (i.e. automotive suppliers, textile industry etc).

Logistics
Moldova serves as an: ideal location for storage and distribution of goods to Central, Eastern European, CIS and Turkish markets; good connection by road, sea, river, narrow-gauge rail and broad-gauge rail network, as well as air.

 

Tax Incentives & Favorable Customs Regime

The favorable tax and customs regime applicable to GIFP Business Park residents can be summarized as follows:

  • 75% reduction of corporate income tax during the first 10 years of operation (currently 3% instead of 12%) and a 50% reduction for the remaining period until 2030;
  • exemption from excise taxes and import VAT;
  • exemption from import and export duties;
  • exemption of import duties into the rest of Moldova for goods that originate from Giurgiulesti International Free Port;
  • exemption of foreign employees from social insurance contributions;

Unlike in Moldovan free economic zones, where activities are typically limited to certain types of activities, the residents of GIFP Business Park have the right to undertake any activity that is ordinarily allowed in Moldova. Investors may also be 100% foreign owned, freely repatriate their profits and are not subject to revenue based administration fees or minimum investment obligations.

Quality of GIFP Business Park Infrastructure

GIFP Business Park is a green field development with newly constructed utility and road infrastructure. All land plots leased by residents benefit from road electricity, water, gas and fibre-optic telecommunication connections.

Low Operating Expenses

With an official average wage of only 370USD/300 EUR per month, Moldova’s multi-lingual labor force remains the most competitive labor force in Europe. Against this background Moldova has developed as a favorable location for companies active in labor intensive manufacturing, e.g. textile companies, automotive suppliers and call centers.

Apart from favorable payroll expenses, GIFP Business Park residents also benefit from relatively inexpensive utility charges:

Electricity — 1,40 MDL (0.11 $) per kWh for 6-10 kV; 1.38 MDL (0.12 $) per kWh for 0.4 kV
Gas — 4,8950 MDL (0.34 $) per m³ low pressure

Available Human Resources
GIFP Business Park close proximity to Romania (Galati 17km) and Ukraine (Reni 8km) attracts work force not only from Moldova but also from Romania and Ukraine.

Moldova (up to 60 km) – 100,000 population
Galati (Romania – 17 km) – 330,000 population
Reni region, Ukraine (8 km) – 41,000 population

Lease of Land

There is a selection of land available for long-term leases connected to electricity, gas, water, telecommunications, road infrastructure as well as in close proximity to rail and port infrastructure.

Lease of Warehouse, Open Storage and Production Facilities

A selection of types of warehouses, open storage halls or production facilities that are offered for short or long — term lease within GIFP Business Park. All areas are connected to basic necessary infrastructure such as electricity, gas, water, telecommunications, road infrastructure as well as in close proximity to rail and port infrastructure.

Lease of Offices

There are small and large office spaces available for short-to long-term leases within GIFP Business Park. All offices are connected to electricity, gas, water, telecommunications, road infrastructure as well as in close proximity to rail and port infrastructure.

Advisory Services

Upon request the management of GIFP Business Park will provide residents and potential residents with advisory services on issues ranging from the incorporation of a company in Moldova, permitting and other legal matters, project management, construction permitting/management, procurement issues as well as recruitment of human resources.


latest news
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14.04.2019
TRANSSHIPMENTS VIA GIURGIULESTI INTERNATIONAL FREE PORT INCREASED TO MORE THAN 1 MILLION TONS IN 2018

Transshipments via Giurgiulesti International Free Port (GIFP) increased by more than 10% to a new record of 1,050,000 tons during 2018. Mathias von Tucher, the general director of Danube Logistics SRL, the general investor and operator of GIFP noted:

“Last year we noticed a significant increase in transshipments of dry bulk cargo, in particular aggregates, coal and fertilizer. Due to increasing demand for transshipments and for land in GIFP’s business park we plan to more than double the capacity of the multi-purpose dry cargo terminal with additional equipment and the construction of another berth.”

During the course of 2018 Giurgiulesti International Free Port facilitated exports to 53 countries and imports from 33 countries. 76% of the imports via GIFP originated from the European Union while 57% of the exports facilitated by the port are bound for the European Union.

Danube Logistics SRL is a wholly owned subsidiary of the Dutch company Danube Logistics Holding BV, while the economic interests associated with Danube Logistics Holding BV’s shareholding in Danube Logistics SRL are shared with the European Bank for Reconstruction and Development.

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21.03.2019
MATHIAS VON TUCHER APPOINTED AS GENERAL DIRECTOR OF DANUBE LOGISTICS SRL

Danube Logistics Holding BV appointed Dr. Mathias von Tucher as the new general director of Danube Logistics SRL – the operator of Giurgiulesti International Free Port. Having served in managerial positions with Danube Logistics SRL for more than five years, Mathias von Tucher was promoted to the position of general director in March 2019. Before joining Danube Logistics SRL he has been the managing director of a major German engineering company and served in several managerial positions of BMW Group. Mathias von Tucher’s educational background includes a doctorate in business administration and economic geography, which he earned with distinction from the Ludwig Maximilian University in Munich.

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09.04.2019
First shipment of organic grain in bulk by ProGrain Organic

On 5th and 6th of April 2019 Danube Logistics operated the first time organic grain in bulk for its further transportation via Danube river on behalf of the Moldovan-Dutch venture ProGrain Organic, a resident of the Giurgiulesti International Free Port.

The organic soy beans originate from ProGrain Organic cultivations and were consolidated in its GMP certified warehouse in the business park area. The transshipment of soybeans was performed at the General Cargo terminal via a special large bunker, used for unloading the trucks carrying  the cargo from the warehouse and being further lifted by the port crane and emptied over the cargo holds of the ship.

The destination of the loaded 1,200 tons of organic soy beans is Austria. The transportation of organic grains upstream on the Danube to Central and Western Europe is a great business and environmental friendly opportunity

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01.12.2018
FRENCH AMBASSADOR TO MOLDOVA VISITS GIURGIULESTI INTERNATIONAL FREE PORT

Mr. Pascal Le Deunff, Ambassador of French Republic to Moldova paid an official visit to Giurgiulesti International Free Port (GIFP) where Dr. Mathias von Tucher, Operations Director of the port made a presentation of GIFP for the French Delegation, as well as dicussed the role of the port, as one of the most important multimodal logistics hubs for Moldova and the region.

During the tour of the port Mr. Le Deunff has visited the container and general cargo terminal, port’s business park, as well as the mixed-gauge rail terminal. Within the tour of the port Mr. Ambassador witnessed transshipment of coal from a maritime vessel to railway wagons, as well as noticed a lot of activity at port berths, which, meanwhile were all occupied by different type of maritime vessels.

In first 9 month of this year, GIFP has facilitated trade to more than 60 countries over the world and continues to develop into a reliable and cost-effective partner, both for moldovan and foreign business community.

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